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project
temporary. creates a unique product or service
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program
a group of interrelated projects, managed in a coordinated way
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portfolio
a group of programs to achieve a specific strategic business goal
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product life cycle
the cycle of a product's life from conception to withdrawal.
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project life cycle
What you need to do to complete the work. It varies by industry and type of project.
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project management process
What you need to do to manage the work. Includes initiating, planning, executing, monitoring and controlling, and closing.
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project management office
a department that centralizes the management of projects
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project constraints
used to help evaluate competing demands
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stakeholders
anyone whose interests may be positively or negatively impacted by the project
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what to do with stakeholders
identify all of them, determine all of their requirements, determine all of their expectations, communicate with them, manage their influence
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three primary forms of organization
functional organization, projectized organization, matrix organization
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functional organization
type of organization where the company is grouped by areas of specialization
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projectized organization
type of organization where the company is grouped by project
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matrix organization
type of organization where functional and projectized tasks are blended
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strong matrix organization
type of organization where the balance of power rests with the project manager
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weak matrix organization
type of organization where the balance of power rests with the functional manager
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balanced matrix organization
type of organization where the power is equally balanced between the functional and project managers
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